Meet the new CMD of Hero Motors Group, Pankaj Munjal
Pankaj Munjal has taken over from O P Munjal, who led the Ludhiana-based company for over 60 years, PTI reported, citing a statement by Hero Motors Group.
Further, O P Munjal has now been elevated to the position of Chairman Emeritus, according to the statement.
Pankaj Munjal joined the group as a trainee in 1988. In December 2011, he was appointed as its co-chairman and managing director.
The group comprises cycle major
Incorporated in 1956, Hero Cycles is the largest cycle manufacturer in the world. The company has a manufacturing capacity of 7.5 million bicycles per year, with its unit in Ludhiana (Punjab), Bihta (Bihar) and Ghaziabad (UP).